Rangers chief King should offer up £11m, judge is told
told Lord Bannatyne that on December 31 2014, the “three bears” purchased 16.23 per cent of shares in Rangers.
The lawyer then said that Mr King instructed that 14.73 per cent of the shares in Rangers be purchased.
Mr King was said to have told the financial investigators that the 14 per cent of the shares were controlled a company called New Oasis Asset Management Limited which was registered in the British Virgin Islands.
Mr King allegedly told investigators that these shares were purchased using money from his family trust.
The businessman said the company was